Mirae Asset Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-02-2025
₹ 32.74
1D
Inception Returns
23.7%
/yr
About Mirae Asset Midcap Fund Direct Growth
Mirae Asset Midcap Fund Direct Growth is an equity fund. This fund was started on 29 July, 2019. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Midcap Fund Direct Growth has ₹15461 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Mirae Asset Midcap Fund Direct Growth has given a CAGR return of 23.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.52%, 16.31% and 22.30% respectively.
Holdings
Mirae Asset Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Basic Materials, Tech, Utilities, Communication, Consumer Defensive, Real Estate, Energy. Its top holdings are The Federal Bank Ltd, Mphasis Ltd, Lupin Ltd, Indian Bank, Delhivery Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mirae Asset Midcap Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
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9317 people have invested ₹ 7.3Cr in Mirae Asset Midcap Fund Direct Growth in the last three months
INDmoney Rank for Mirae Asset Midcap Fund Direct Growth
Powered by IND quant engine
14
/19
38% Performance
29% Risk Management
77% Cost
14 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Poor track record of protecting capital in bear phase
3Y returns in the bottom 25% of the category
Mirae Asset Midcap Fund Direct Growth Overview
| Expense ratio | 0.55% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹15461 Cr |
| Inception Date | 29 July, 2019 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 33.32% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
Mid cap
66.4%
Small cap
24%
Large cap
8.8%
Sector Allocation
Financial Services
20.5%
Industrial
16.8%
Consumer Cyclical
15.4%
Health
12.1%
Basic Materials
9.7%
Tech
9%
Utilities
4.1%
Communication
3.9%
Consumer Defensive
3.3%
Real Estate
3.1%
Energy
2.1%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 15.5K Cr as of Jan'25
- AUM decreased by 1.2K Cr between Jan'25 and Dec'24
Top Stocks bought last month
L&T Finance Ltd's allocation increased from 1.11% to 1.96%
SRF Ltd's allocation increased from 1.63% to 2.21%
KPIT Technologies Ltd's allocation increased from 0.65% to 1.14%
Top Stocks sold last month
Lupin Ltd's allocation decreased from 2.75 % to 2.62 %
Indian Bank's allocation decreased from 2.66 % to 2.6 %
One97 Communications Ltd's allocation decreased from 2.48 % to 2.37 %
Mid Cap allocation has gone down from 71.5% to 66.4%
Large Cap allocation has gone up from 6.7% to 8.8%
Small Cap allocation has gone up from 18.9% to 24%
Cash allocation has gone down from 1.2% to 0.8%
Top 3 Sectors in January were Financial Services, Consumer Cyclical & Industrial
Jan'25
Financial Services
20%
Industrial
17%
Consumer Cyclical
15%
Dec'24
Financial Services
18%
Consumer Cyclical
17%
Industrial
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 The Federal Bank Ltd | 2.93% | 13.5% | |
 Mphasis Ltd | 2.77% | 5.4% | |
 Lupin Ltd | 2.62% | 0% | |
 Indian Bank | 2.6% | -13.7% | |
 Delhivery Ltd | 2.43% | 0% |
See all
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Ankit Jain
Fund Manager of Mirae Asset Midcap Fund Direct Growth, since 29 July 2019
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.86L Cr
as on 31-Jan-2025
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.55% which is lower than the category average expense ratio of 1.15%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 29.5% return, outperforming this fund by 13.3% per annum.
Over the last 6 months, this fund has experienced a 11.4% drop in AUM moving from 17.45K Cr to 15.46K Cr.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 23.85% return, outperforming this fund by 22.95%.
Over the last 15 months, this fund has decreased expense ratio by 15.4% moving from 0.65 to 0.55.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 29.77% return, outperforming this fund by 7.26% per annum.
Mirae Asset Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.74% since inception which is more than its category average return of 19.17%
Fund Allocations
This fund has an allocation of 99.22% in Equity, 0% in Debt and 0.78% in Cash related instruments
AUM size ₹15461 Cr
This fund has AUM of ₹15461 Cr which is more than its category average of ₹ 11898 Cr
Expense Ratio 0.55%
This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.2%
Frequently Asked Questions for Mirae Asset Midcap Fund Direct Growth
The current NAV of Mirae Asset Midcap Fund Direct Growth is ₹32.74 as on 21-Feb-2025.
Existing (Absolute + CAGR) as on 21-Feb-2025.
Mirae Asset Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.43% | -7.43% |
6 Month Returns | -16.3% | -16.3% |
1 Year Returns | 0.52% | 0.52% |
3 Years Returns | 57.34% | 16.31% |
5 Years Returns | 173.62% | 22.3% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.55% as on January 2025
₹15461 Cr as on January 2025
The Federal Bank Ltd(2.93%), Mphasis Ltd(2.77%), Lupin Ltd(2.62%), Indian Bank(2.6%), Delhivery Ltd(2.43%) as on January 2025
Financial Services(20.31%), Industrial(16.71%), Consumer Cyclical(15.29%) as on January 2025
The alpha ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Midcap Fund Direct Growth | -3.3 | -2.97 | 0.67 |
As on January 2025
The alpha for Mirae Asset Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Midcap Fund Direct Growth | 1.06 | 0.95 | 0.92 |
As on January 2025
The Beta for Mirae Asset Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Midcap Fund Direct Growth | 0.14 | 0.68 | 0.92 |
As on January 2025
The sharpe ratio for Mirae Asset Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Midcap Fund Direct Growth | 16.07 | 15.77 | 20.67 |
As on January 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.16 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ankit Jain is the fund manager of Mirae Asset Midcap Fund Direct Growth
The Exit load of Mirae Asset Midcap Fund Direct Growth is 1%